HELIOS UNDERWRITING PLC

Remuneration Information • Dec 4, 2025

National Storage Mechanism | Additional information

RNS Number : 3529K

Helios Underwriting Plc

04 December 2025

Helios Underwriting plc

4 December 2025

Helios Underwriting plc

("Helios", the "Company" or the "Group")

Notification and public disclosure of transactions by PDMRS

Grant of LTIP Awards

Helios, the only publicly traded company offering instant access to a diverse portfolio of syndicates at Lloyd's of London, the world's largest insurance market, announces that on 3 December 2025 the following Awards over ordinary shares of 10 pence each in the Company were granted under the Helios Underwriting plc Long Term Incentive Plan to the following persons discharging managerial responsibilities:

Participant	Position	Award Designation	Number of Shares under Award	Normal Vesting Date
Louis Tucker	Chief Executive Officer	LTIP Award with performance criteria	289,575	03.12.2028
Louis Tucker	Chief Executive Officer	LTIP Award without performance criteria	Part I:  28,015 Part II: 36,043	Part I:  01.03.2027 Part II: 01.03.2028
Jen Tan	Head of Portfolio Strategy	LTIP Award without performance criteria	51,063	09.10.2026

The Awards were granted as nil cost options.

The Awards will ordinary vest on their associated Normal Vesting Date, subject to the grantee's continued service.

The Normal LTIP Award to Mr Tucker is subject to performance conditions. As summarised in the table immediately below; such performance conditions set threshold to stretch targets in respect of Company's total shareholder return ("TSR") over the three year period following the grant of the Normal LTIP Award. No portion of the Normal LTIP Award shall performance vest unless the Company's TSR over the performance period reaches the threshold target, for which 25% of the Normal LTIP Award would performance vest, rising on a straight line basis to full performance vesting of the Normal LTIP Award for the Company's TSR over the performance period being equal to the stretch target or better.

The Company's TSR over the 3 year performance period	% of the Normal LTIP Award that vests
Less than 30%	Nil
30%	25%
60% or more	100%
Between 30% and 60%	Between 25% and 100% on a straight-line basis

The Normal LTIP Award is also subject to an underpin condition.

The information set out below is provided in accordance with the requirements of UK MAR.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1. Louis Tucker

2. Louis Tucker

3. Jen Tan

2

Reason for Notification

a)

Position/status

1. Chief Executive Officer

2. Chief Executive Officer

3. Head of Portfolio Strategy

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Helios Underwriting plc

b)

LEI

213800FX86DJW5TCM864

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 10 pence each

ISIN - GB00B23XLS45

b)

Nature of the transaction

Grant of options over ordinary shares under the Helios Underwriting plc Long Term Incentive Plan with an option price of nil pence per share.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
1. Nil	289,575
2. Nil	Part I:  28,015 Part II: 36,043 Accordingly over a total of 64,058
3. Nil	51,063

d)

Aggregated information

-  Aggregated volume

-  Price

Not applicable - single transactions

Nil

e)

Date of the transaction

3 December 2025

f)

Place of the transaction

Outside a trading venue

For further information, please contact:

Helios Underwriting plc

Louis Tucker - Chief Executive Officer	+44 (0)203 965 6441
Adhiraj Maitra - Director of Finance and Operations	+44 (0)203 743 2114

Deutsche Numis (Nomad and Broker)               

Giles Rolls / Charles Farquhar	+44 (0)20 7601 6100

FTI Consulting

Ed Berry	+44 (0)7703 330 199
Christian Harte	+44 (0)7974 288 763

About Helios

Helios provides a limited liability direct investment into the Lloyd's insurance market and is quoted on the London Stock Exchange's AIM market (ticker: HUW). Helios trades within the Lloyd's insurance market writing approximately £512m of capacity for the 2024 account. The portfolio provides a good spread of business being concentrated in property & casualty insurance and reinsurance. For further information please visit www.huwplc.com.

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